November 11, 2021 – Singapore, Singapore The Clear protocol (Clear), a DeFi derivative platform that allows users to build customized derivative products, has raised $2.5 million from Huobi Ventures, Kronos Research, SpringWind Ventures, Double Peak Group, Markarian Capital, Gate.io Labs, VRM, Hoo Cub Fund, AC Capital, DWeb3 Capital, Foresight Ventures, AlphaCoin Fund, NFVentures, Mintable Fund …
Yearly archives: 2021
Orbs, the Leading Public Blockchain Infrastructure, Introduces Its Groundbreaking Layer 3 Architecture
November 11, 2021 – Singapore, Singapore Orbs is once again disrupting the blockchain with an entirely new proposition – that is to augment the architecture of a multichain interoperable infrastructure, which works in parallel with all the major layer 1 and layer 2 chains, like BSC, Ethereum, Solana and Avalanche, and the apps that sit …
Markets Choosing Bitcoin and Crypto Over Paper Money: Pantera Capital CEO Dan Morehead
Pantera Capital CEO Dan Morehead says Bitcoin (BTC) is entering “a new price era” as the value of the US dollar crumbles. Morehead notes in a new Blockchain Letter that inflation is at a 30-year high, and housing affordability has plummeted to its worst level in over 15 years. The chief executive writes, “The market …
Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America
One under the radar cryptocurrency-powered payment app that’s been gaining traction across Latin America is Reserve. The platform acts as a convenient way for people to convert their local currencies, which may be undergoing high inflation levels, to the United States Dollar via the Reserve stablecoin (RSV). The network also features the Reserve Rights token …
‘Invisible Aether’: World’s largest museum launches NFT art exhibition
The Russian State Hermitage Museum continues diving in the nonfungible tokens (NFTs) industry by debuting its first fully-virtual exhibition of digital art. Shortly after raising over $400,000 via its first NFT auction on Binance in September, the Hermitage is now hosting a free exhibition of NFT artworks existing exclusively in the virtual space, the so-called …
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FTX US sees daily volume, users surge in Q3
United States crypto exchange FTX US registered a large uptick in trading volumes and investor activity during the third quarter, underscoring heightened retail appetite for digital assets amid the volat bull market. FTX US saw average daily volume grow 512% for the quarter ending in September, with peak volumes hitting $807 million on Sept. 7, …
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US Congress plans ‘demystifying crypto’ committee hearing for Nov. 17
The Joint Economic Committee, which includes Republican and Democratic members of both the U.S. House of Representatives and Senate, will be holding a hearing on the role of government concerning crypto. According to the Joint Economic Committee’s, or JEC’s schedule for next week, congressional members will be listening to industry experts speak at a hearing …
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Elon Musk sells 3.6 million TSLA shares after Twitter poll
Tesla’s CEO, Elon Musk, has sold $5 billion worth of Tesla shares. The sale comes a few days after Musk took to Twitter and posted a poll asking his 62.8 million followers to sell 10% of his stake in Tesla. The majority of the responses on the poll agreed that Musk should indeed sell his …
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JD to accept digital yuan payments during a major shopping event
China’s digital yuan is making major strides despite only being in its trial phases. Shortly after an executive from the People’s Bank of China announced that the number of individual digital yuan had surpassed 140 million, the CBDC will be used in one of the greatest shopping festivals. JD.com has announced that it will be …
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Nigerian banks monitor customer accounts suspected of crypto trading
Nigeria has previously announced a ban on cryptocurrencies, but crypto trading activity is still high. Now banks have started to monitor customer accounts to identify any crypto trading activities. The recent course of action comes shortly after the Central Bank of Nigeria demanded all commercial banks to freeze the accounts of two persons believed to …
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Twitter announces a crypto team to work on dApps and NFTs
Social media giant Twitter has announced the formulation of a crypto unit to manage its blockchain and crypto-related divisions. Twitter further states “that it wants to figure out what crypto can do for Twitter” and is ready to pool substantial funds to enhance and explore the decentralized technology. The newly formed crypto team will be …
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Proshares Bitcoin rises to the top 2% of all ETFs in terms of volume
Bloomberg’s senior ETF analyst Eric Balchunas took to Twitter to draw statistics concerning the ETF market, stating that the new Proshares Bitcoin ETF had traded $400 million worth of shares yesterday alone. $BITO and $BTF both had their biggest volume days in about two weeks. $BITO with a $400m traded, which is not only a …
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Hedera Network will soon see its first DeFi project
Akt.io, in partnership with the HBAR Foundation, is launching on the Hedera network, becoming the first DeFi app on the carbon-negative blockchain. The HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups, and organizations that seek to launch decentralized applications in DeFi, NFTs, CBDCs, ESGs, gaming, …
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China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, …
Indonesia’s Islamic Authority Declares Cryptocurrency Haram, Forbidden for Muslims
Indonesia’s top Islamic body, the country’s authority on Shariah compliance, has reportedly declared cryptocurrency haram, forbidden for Muslims under Islamic law. The Indonesian Ulema Council explained that crypto has elements of uncertainty, wagering, and harm. Cryptocurrency Is Forbidden for Muslims Under Islamic Law in Indonesia Indonesia’s Ulema Council (Majelis Ulama Indonesia or MUI), the country’s …